Snowflake Inc. (NYSE:SNOW) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,338 shares of the company's stock after selling 24,989 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Snowflake were worth $19,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Asset Dedication LLC grew its stake in shares of Snowflake by 6.8% in the fourth quarter. Asset Dedication LLC now owns 922 shares of the company's stock valued at $142,000 after buying an additional 59 shares in the last quarter. Breakwater Capital Group lifted its stake in Snowflake by 2.2% during the 4th quarter. Breakwater Capital Group now owns 2,938 shares of the company's stock worth $454,000 after acquiring an additional 62 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Snowflake by 0.6% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock valued at $2,077,000 after acquiring an additional 69 shares during the period. Larson Financial Group LLC grew its position in Snowflake by 21.8% in the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after acquiring an additional 74 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in Snowflake by 3.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 2,627 shares of the company's stock worth $406,000 after purchasing an additional 77 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the sale, the director now owns 26,375 shares of the company's stock, valued at $3,408,968.75. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at approximately $103,121,445. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 491,589 shares of company stock worth $82,405,796. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent research reports. Daiwa Capital Markets started coverage on shares of Snowflake in a research note on Tuesday, April 1st. They issued a "buy" rating and a $210.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Snowflake from $210.00 to $215.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Monness Crespi & Hardt increased their price objective on Snowflake from $188.00 to $230.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Royal Bank of Canada upped their price target on Snowflake from $210.00 to $221.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Barclays lifted their price objective on Snowflake from $190.00 to $203.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Ten investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Snowflake currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.76.

Snowflake Trading Down 1.9 %

SNOW stock traded down $2.74 during midday trading on Friday, reaching $143.34. 2,483,780 shares of the company's stock traded hands, compared to its average volume of 6,410,768. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $194.40. The business has a 50-day moving average price of $159.87 and a two-hundred day moving average price of $154.12. The company has a market capitalization of $47.32 billion, a P/E ratio of -42.28 and a beta of 1.13.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.